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D-DAX

Primed Watchlist: expecting strong EUR & DAX and 4 other tradesHey good morning from Limassol! Gorgoeus day ahead of us and we wish you the same! So our watchlist consists of a few pairs, 4 to be exact but we do have 3 active trades... Below are are the necessary details WATCHLIST 23.1.2020 Big ECB day... big EUR moves?! EURCHF: At key support Price action slowly but surely heading down to a key trading level.... this is what we saw with XAGUSD and usually indicates weakness of the momentum holder, in this case the bears. What this shows is a chance of a really strong bull push! CADJPY: Possible bull contraction Im not too keen on taking this but its worth being in the watch list as thats what the watchlist is for... find POSSIBLE trades... watch them, prepare and if they are valid go! Here we have RSI very low... a possible bull contraction at a key support level. AUDJPY: Possible bullish continuation We have a breakout of a medium-term down trend trendline and a test of it happening now... and easy target would be the 120% as it lines up with a key resistance. Really nice day trade (24 hour life value) DAX30: Looking ready for the bulls! A contraction leading to a key level supported with a reversal candle and RSI pretty low
by PrimedGroup
REVIEW: DJI (Wall Street), DAX and nuclear options. I've looked into the DJI and the DAX because they are connected. I also considered events affecting the Hong Kong index. In the text below, I consider China's 'nuclear option'. Overall I'd say the probability is greater for the south on these indices (from this point in time). But caution - because there is a residual probability for the north and I can't know how far south the markets may go if the markets are with me. These are very troubled times. 1. The markets are overbought because of QE4.0, lowering of interest rates and high hopes about a China 'Phase one' trade deal. 2. But there is trouble in the Hong Kong Stock market. 3. POTUS signed the Hong Kong Democracy Act which could cause the Chinese to retaliate in some way (nobody knows how). The 15th of December 2019 is an important date on which $160 Billion of tariffs on imports to the USA, get lumped on China or they are withdrawn. If the tariffs are withdrawn, expect markets to head to the moon (stupidly). If the tariffs are applied, expect a correction of some sort. Bond troubles In other trouble China has begun the so called nuclear option of selling off US Treasuries. Note that Treasuries are bonds, which means that money is owed to China by America i.e. they represent a debt owed by the US. Why would China sell off US Treasuries - which are debts owed to China? Perhaps because China expects the US Dollar to be worth less in times to come. It's like this - if I lend you money fixed in USD value, and then you decide to devalue your US dollar by various means, it means I'm getting back less value. For an exploration of Bonds go here . China holds about $1.2 Trillion of US debt. A sell off of US Treasuries is said to destabilise financial markets. How - is a separate complex story. The point is that China's retaliation on the Hong Kong Act could be this 'nuclear option'. The point of all this is that there are complex issues affecting the markets. Disclaimer: Nothing shared here is investment advice or encouragement to trade in securities. If you lose your money, kindly sue yourself.
FOREXCOM:US30Education
by Captain_Walker
1
TARIFF MAN TO STRIKE GLOBALLY!This is a 6H chart of the DAX. Markets globally are heading south. Even the super-resilient Brazilian Bovespa is beginning to buckle. In this screencast I show what the price action is like for the DAX and why I think the market is exhausting. I may well be totally wrong - but I'll limit how wrong I am with an acceptable stop-loss. Three main issues plague the DAX and other markets globally: 1. China trade/technology war. 2. Tariff man picking a fight with Mexico 3. And as of a couple days ago Tariff man has squeezed India by ending special trade treatment. (Google is your friend on that one). From what I see, the house of cards, the Ponzi scheme that is global markets is falling. I'll take my losses in shorting these. Disclaimer : This is not a recommendation to trade. Opinions here are my own. If you make decisions based on this and you lose your money sue yourself!
FX:GER30Short
by Captain_Walker